Cboe Global Markets Expects FY24 Organic Net Revenue Growth of 5%-7%, Organic Net Revenue from Data and Access Solutions Growth of 7%-10%, Capex of $51M-$57M
Portfolio Pulse from Benzinga Newsdesk
Cboe Global Markets has provided its financial guidance for the fiscal year 2024, expecting organic net revenue growth of 5%-7%, and 7%-10% growth specifically from Data and Access Solutions. Adjusted operating expenses are anticipated to be $798M-$808M, with capital expenditures projected at $51M-$57M. Other financial forecasts include a depreciation and amortization expense of $43M-$47M, excluding amortization of acquired intangible assets, and a $37M-$43M benefit from minority investments. The effective tax rate is expected to be between 28.5% and 30.5%.
February 02, 2024 | 12:34 pm
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Cboe Global Markets expects FY24 organic net revenue growth of 5%-7%, with Data and Access Solutions growing 7%-10%, and capex of $51M-$57M.
The positive financial guidance provided by Cboe Global Markets for FY24, including expected growth in organic net revenue and Data and Access Solutions, along with controlled capital expenditures, suggests a positive outlook for the company's financial health and operational efficiency. This guidance is likely to be viewed favorably by investors, potentially leading to a positive short-term impact on CBOE's stock price.
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